i have never use any restrictions for certain times of the day when trading, thus i never came across this very strange behavior:

according to the MT4 programming manual the LocalTime() function as used in the Phoenix EA should return the local time of my computer.
it's now around 11:25AM. the wierd thing is that the function returns 18:20PM which is the time of the trading server (InterbankFX = GMT).

this would mean that LocalTime() <> "localtime", it's more likely "servertime"


anybody else the same ???

AZBOfin

Hendrick,

Thanks for your hard work on Phoenix. I'll be testing as well.

you are correct unless you have the same wierd setup as i do (see my post above)

AZBOfin

I am confused by backtesting results. I see the tester chart open up with 3 indicators on it. the bulls power, the bears power the RVI and then I add the phoenix (firebird safe-as it displays on chart) and then...

I start looking for the patterns between when it has placed trades and these indicators using the settings just as they were released with no changes...

I see trades placed when the firebird safe indicator is inside the middle two lines AND out side the two lines.

By no means do I mean this as a disparagement. I am simply noting observations and saying I don't understand.

I don't see any rythm to pattern to the bears and bulls indicator levels that is uniform across the trades nor for the RVI or the firebird safe so I'm not sure how these are being used??

My initial impression of this given that I don't understand it is that it's very timing driven and very trend blind, taking short positions in uptrends and long positions in downtrends. If that is the essense of countertrend trading then that seems backwards to me..What I have to wonder however is that if something is indeed backwards and losing like my test report is...can it be reversed 180 degrees and win commensurately as badly as it lost?

I just don't know if this is coming or going at this point.

Feel free to enlighten me on what I'm missing.

what pairs work best and what time frames with what settings?

Attached Images

phoenix.gif (56.6 KB, 1035 views)

Attached Files

phoenix.htm (231.5 KB, 315 views)

Hassan,

You don't need the indicator to make Phoenix work.

Hi,

I never use backtesting. There are too many functions in this EA that backtesting can't handle. The only thing that's left is forward testing.

All Hail the Power of Phoneix....

If its anything like Phoneix in XMEN the forex market is DEAD..

Hendrick.... I am going to run Phoneix for the next two weeks in DEMO accounts then I will move to my two Live Account August 1st

Statements will appear soon...

Hey guys,

This is great news - some of the new features look intriguing. I'm going to begin FT'ing on most pairs. Will report any issues...

amckeen

Hendrick,

It's not that big of a deal (just cosmetics) but there is a difference in the bulls/bears power calculation between the EA and the Indicator.
the ea uses a 20 average period and the indicator 13.

AZBOfin

Hi MarvinSK

how is your forward test for firebird going...can you please post the statement on firebird thread....

Thanks
Babar